Surge in Real Estate Values Threatens New York's Predominance in Theater
Kiley Armstrong, Ap, THE JOURNAL RECORD
By Kiley Armstrong NEW YORK - New York's predominance as the dance and theater mecca is being threatened by a surge in real estate values that is forcing artists into the streets.
Small dance studios, where future talent is trained and professionals polish their skills, are the hardest hit. Concern also is growing at off-Broadway theaters.
Evicted to make way for lucrative high-rise buildings, dancers must struggle to find space for their special needs - high ceilings, no pillars - and pay rents averaging $6,000 a month.
``We're living on borrowed time,'' said Peter Brown, a spokesman for the Alvin Ailey American Dance Theater, whose lease in …
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Publication information: Article title: Surge in Real Estate Values Threatens New York's Predominance in Theater. Contributors: Kiley Armstrong, Ap - Author. Newspaper title: THE JOURNAL RECORD. Publication date: June 12, 1987. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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